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Biotech / Medical : Cambridge Antibody Technology Group -- Ignore unavailable to you. Want to Upgrade?


To: nigel bates who wrote (244)3/11/2002 5:24:13 AM
From: nigel bates  Respond to of 625
 
The CAT PR (are they flogging a dead horse on this one ?) -

MELBOURN, England, March 11 /PRNewswire-FirstCall/ -- On 24 December 2001 Cambridge Antibody Technology (Nasdaq: CATG - news; LSE: CAT) (``CAT'') announced that the Judge in the District Court of Washington DC had issued a ruling that he intended to rule that MorphoSys does not infringe the Griffiths patent (US 5,885,793), unless persuaded that there is a genuine issue as to any material fact which would require the matter to be retried before a jury. The Judge has now confirmed that ruling principally because of the way the MorphoSys library is ``derived.''
The Judge stated in his written opinion that the dispute should be brought to a close in order that ``the parties may have the appellate review that is so clearly indicated in this case''. CAT will appeal to the Federal Circuit. The appeal process is expected to take about a year.
Dr. David Chiswell, CEO at CAT, said ``CAT disagrees with the Court's interpretation of the ''derived from`` issue and is confident that there are strong grounds for Appeal. In addition to the Griffiths patent CAT is asserting a number of other patents against MorphoSys in court actions in Europe and the USA.'' ...